1 week ago
DPIIT Partners With PhonePe, Shell India To Support Startups
India’s startup department has made agreements with PhonePe and Shell India.
These agreements are meant to help new companies grow.
PhonePe will give some startups payment-related credits and access to its app store.
It will also help them join its services and promote their brands.
Shell India will work with startups focused on energy and climate technology.
It will provide advice, mentorship and connections to investors and incubators.
Some startups may also join Shell’s E4 Smart Energy Track.
The overall goal is to help startups develop new ideas and expand their work.
DPIIT signed separate memorandums of understanding with PhonePe and Shell India.
The partnerships aim to improve startups’ access to technology, digital infrastructure, mentorship and markets.
PhonePe will offer recognised startups transaction credits, Indus AppStore access and onboarding support.
Shell India will support energy and climate-tech startups through mentorship, guidance and investor connections.
The collaborations are intended to help startups scale innovations and contribute to India’s clean energy transition.
- Who
- The Department for Promotion of Industry and Internal Trade, PhonePe and Shell India.
- What
- DPIIT signed separate MoUs with PhonePe and Shell India to support startups.
- Where
- India; the articles do not specify locations for the agreements.
- When
- Thursday, according to DPIIT.
- Why
- To improve startups’ access to technology, digital infrastructure, mentorship, markets and industry networks, and to support clean-energy innovation.
Key facts
- Organisations involved
- DPIIT, PhonePe and Shell India
- Target startups
- DPIIT-recognised startups, including energy and climate-tech startups
- PhonePe benefits
- Transaction credits through its payment gateway, Indus AppStore access, onboarding and support services, and brand-visibility opportunities
- Shell India support
- Mentorship, strategic guidance, investor and incubator connections
- Shell programme
- The Shell E4 Smart Energy Track
- Expected outcome
- Greater growth opportunities, scaled innovative solutions and contributions to India’s clean energy transition
Sources
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